Short Usd/jpy Through 1m 76.75-81.50 Risk Reversals
Quotes from Barclays Capital:
-Short USD/JPY through 1m 76.75-81.50 risk reversals (close to zero cost). Fall in USD/JPY has not been reflected in the risk reversal. USD/JPY to fall in risk-off and the risk reversal to begin favouring the JPY instead of the USD.
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